Fannie Mae

Late Breaking News for Short Sale Sellers in 2012

Thumbnail image for Late Breaking News for Short Sale Sellers in 2012

If you are considering working the short sale market and listing short sales, 2012 may be the year for you. First off, the Mortgage Forgiveness Debt Relief Act of 2007, which protects certain short sale sellers from tax liability, is set to expire at the end of the year. The Treasury has amended the HAFA [...]

April 23, 2012 5 comments CONTINUE READING THIS POST →

Can a Deed-in-Lieu Ruin Your Short Sale?

Thumbnail image for Can a Deed-in-Lieu Ruin Your Short Sale?

One of my favorite clients and a very prolific short sale agent contacted me because she has a bone to pick with our mutual friend, Fannie Mae. You see, this agent has taken a short sale listing. We have a buyer. The short sale package has been submitted to the bank and we have already [...]

January 11, 2012 0 comments CONTINUE READING THIS POST →

Report Card – How Would You Rate the Mortgage Servicers?

Thumbnail image for Report Card – How Would You Rate the Mortgage Servicers?

If you are actively working short sales, then you probably already have your little (or big) black book of contacts—you know, the folks at the banks that you turn to when the traditional route isn’t going your way. Well, what would you do if you didn’t have that little black book? You probably also have [...]

September 19, 2011 0 comments CONTINUE READING THIS POST →

Prescription for Fannie Mae – Take Two Aspirin and Call Me in the Morning

Thumbnail image for Prescription for Fannie Mae – Take Two Aspirin and Call Me in the Morning

I’ve spent the past several years negotiating short sales for Realtors® throughout California. Based on the volume of short sales that have come my way, I have been able to report on trends—even before they seem to get big. While I did not see Bieber Fever before it hit the world, I did run a [...]

March 14, 2011 2 comments CONTINUE READING THIS POST →

Fannie Mae and Freddie Mac Suspend Foreclosure Evictions During Holiday Season

Thumbnail image for Fannie Mae and Freddie Mac Suspend Foreclosure Evictions During Holiday Season

It’s that time of year again—the holiday season. And, with the holiday season comes some kindness from Fannie Mae and Freddie Mac. Just as they did in 2009, Fannie Mae will suspend foreclosure evictions from December 20, 2010 through January 3, 2011. As reported by HousingWire, this government-sponsored enterprise routinely halts the foreclosure process during the [...]

December 13, 2010 0 comments CONTINUE READING THIS POST →

Short Sale Negotiations with a Fannie Mae Loan

Short Sale Negotiations with a Fannie Mae Loan In the past few months I have written several posts on my experiences with short sale negotiation on a Fannie Mae Loan. I have reported about the latest trends in these short sale negotiations based on my experiences with the short sale negotiations at my third party [...]

September 6, 2010 5 comments CONTINUE READING THIS POST →

Lots of Foreclosure Sales: Latest Short Sale Trend

Just about a week and a half ago, I wrote a blog post about Fannie Mae’s approach to short sales when there is a pending auction date or Trustee’s Sale. This is an important post for agents to read if they are listing short sales where the subject property is already in the midst of [...]

July 31, 2010 6 comments CONTINUE READING THIS POST →

The Latest Trends in Fannie Mae Short Sale Negotiations

Our business has been very involved in negotiating short sales over the last three years or so. These past few months we have noticed some specific trends with regard to short sale negotiations. Today I wanted to write about one of those trends: the postponement of the Trustee’s Sale (or foreclosure sale). When I began [...]

July 21, 2010 6 comments CONTINUE READING THIS POST →

← Previous Entries